By: Priyanka DasOn July 31, 2024, the Federal Tax Authority (FTA) issued Corporate Tax Guide | CTGDTI1 on the Determination of Taxable Income. This guide is designed to provide general guidance to Taxable Persons for determining their Taxable Income and calculating their Corporate Tax Payable under the Corporate Tax Law.
By: Priyanka DasFTA Decision No. 7 of 2024 has been issued to postpone such deadlines, effective from 25 September 2024. The FTA has issued a Corporate Tax Public Clarification -CTP004 on Oct 10,2024. This Public Clarification is intended to clarify the Deadline to File a Tax Return and Settle the Corporate Tax Payable for certain Tax Periods.
By: Ferdinand VallarTo guarantee the openness of the tax systems in place in the nation, the federal tax administration of the United Arab Emirates has been working tirelessly. It has released a Taxpayers Charter lately with this goal in mind, giving taxpayers guidance and the necessary knowledge of the tax systems in place across the nation. All of these steps reflect the UAE's aspirations to promote itself as a global investment destination and attract international investors. We shall outline the main points of the recently released FTA tax payer charter for the United Arab Emirates.
